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NY Times: Cuomo's Housing Game

Excerpts: The disenchanted hung banners around the capital designating Mr. Cuomo “Governor Glenwood,” a reference to the real estate empire that has poured millions into state politics and reaped the benefits of a tax program — the controversial 421-a — also set to expire on Monday in the absence of an extension.. . . . “Moving the threshold a few hundred dollars isn’t going to help us at all,” Delsenia Glover, campaign manager for the Alliance for Tenant Power, said. In 2011, even as the threshold was raised $500 to $2,500, she said, 35,000 units vanished from regulatory control. And since then, rents have only grown in New York.